Stock Track | Laopu Gold Soars 10.12% on Strong Q1 Results and Bullish Sales Outlook

Stock Track03-24

Laopu Gold's stock price soared 10.12% intraday following positive analyst commentary about the company's financial performance and future prospects.

The surge comes after Citi analyst Tiffany Feng noted that Laopu Gold's first-quarter preliminary results beat expectations, with the company's current inventory positioned to generate sales of approximately 53 billion yuan in 2026—nearly double the 27.3 billion yuan recorded in 2025. The analyst also highlighted the company's strong cash flow position, suggesting no urgent need for fundraising unless sales continue growing at triple-digit rates. Citi maintains a buy rating on Laopu Gold with a target price of HK$1,162 per share.

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